As part of the Starwood Hotels and Resorts timeshare spinoff of Starwood Vacation Ownership, a portion of the 10.7 acre, 394 room Poipu resort of Sheraton Kauai Resort will be converted into Starwood timeshares.
In an email, Harris Chan, Starwood Hotels and Resorts vice president of Hawaii operations, wrote – “While future plans include transitioning some of the Sheraton Kauai to vacation ownership, the scope and timing of this project have not yet been determined. It is business as usual as we work on a master plan of the potential project.”
“Currently, the proposed plan includes keeping the ocean wing as a hotel, while converting the garden wing and undeveloped land adjacent to the property to Starwood Vacation Ownership product,” Chan said. “Overall, this plan will allow us to increase inventory and will help the company achieve the highest growth path.”
Starwood Hotels and Resorts operate two other properties on Kauai – The St. Regis Princeville Resort and The Westin Princeville Ocean Resort Villas — the latter of which is an existing Starwood timeshare property.
The planned timeshare spinoff, Chan said, is expected to be completed by the fourth quarter of this year, if approvals are secured from Starwood’s board of directors and U.S. Securities and Exchange Commission officials.
A specific timeline for the partial timeshare transition at the Sheraton Kauai Resort, however, has not been determined.
Syed Sarmad, Principal Broker for Advantage Vacation